OpenGate sells NorPaper to trade

GF&CI is a Lebanon-based business specialising in recycled corrugated cardboard and packaging products.

OpenGate acquired a majority stake in NorPaper from Canadian paper conglomerate Cascades in 2011. OpenGate supported NorPaper in its 2015 acquisition of DS Smith Packaging Papeterie de Nantes, a division of London-based packaging business DS Smith.

This is the second exit by OpenGate in the past six months following the sale of Benvic, a European PVC compounding business that was sold to Investindustrial in December. 

Company
With roots going back to 1865, NorPaper is a producer specialising in the manufacture of white top testliner (a component of cardboard packaging). Through two production facilities, NorPaper creates products out of 100% recycled cellulosic fiber.

Located in Nantes, NorPaper provides products and services to the French, European and overseas markets. 

People
NorPaper – Laurent Glachant (CEO).
OpenGate Capital – Andrew Nikou (founder, CEO); Julien Lagrèze (partner).

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• Exits
• France
• Industrials
• France
• Trade sale
• OpenGate Capital